While you whine about the flat — someone is loading ether worth $422 million.
A wallet, presumably linked to ConsenSys, continues to buy ether through Galaxy OTC — already 161,112 ETH for $422 million in three weeks. Direct over-the-counter purchase, without impacting the price.
This is either accumulation for institutional staking, or preparation for the launch of a custodial service.
It is possible that part of these funds will go to support the ecosystem — through grants, DAOs, Layer 2.
Purchases are happening at a moment when the market is sluggish, and liquidity is weak — typical work of gathering while no one is interfering.
Is this noise or a signal — you decide. But such amounts are not being accumulated for fun. Someone is building infrastructure.
While you argue with the chart.